Loews Completes Acquisition of InterContinental Chicago O'Hare
Thursday July 24th, 2014 - 9:44AM E
| | | | | | | | | | |
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
CHICAGO—Loews Hotels & Resorts completed the acquisition of the 556-room InterContinental Chicago O’Hare Hotel.
Located less than two miles from O’Hare Airport and 13 miles from downtown Chicago, the property has been rebranded as the Loews Chicago O’Hare Hotel.
The hotel is across the street from the Donald E. Stephen’s Convention Center, adjacent to the Fashion Outlets of Chicago and near the Rosemont Entertainment District. Loews Chicago O’Hare features three restaurants and bars, more than 53,000 sq. ft. of meeting and event space, and a curated art gallery.
“As we grow and expand the brand, we always look for properties that appeal to all kinds of travelers—leisure travelers, the business traveler, as well as groups,” stated Paul Whetsell, president/CEO, Loews Hotels & Resorts. "Loews Hotels has a strong presence in serving the meetings market and we’re excited about the wealth of meetings and event opportunities that the addition of Loews Chicago O’Hare will provide for our customers.”
This addition is part of Loews expanding its footprint throughout the Midwest. Earlier this month, the company acquired the Graves 601 hotel, now renamed Loews Minneapolis Hotel, and in February, the 400-room new-build Loews Chicago Hotel, located downtown, will open.
Tags: Loews • Loews Chicago O'Hare Hotel • Hospitality • Acquisitions •
When you hear all the lodging industry projections for the months and years to come, much of the robust growth is forecast to be the result of the expected influx of travelers from China. In what could only be seen as good news for the industry, that expectation moved a little closer to reality when President Obama signed a visa waiver extension for Chinese travelers earlier this month.